KFH plans to issue Sukuk worth $1b

KUWAIT: Liquidity Management House, a unit of Kuwait Finance House (KFH), the Gulf’s second-largest Islamic lender, is in the process of issuing $1 billion in Islamic bonds, or Sukuk, according to a newspaper report. “The company is issuing Sukuk with a value up to $1 billion for three projects outside the local market ... with a share of 10 percent, which is equivalent to $100 million,” Chairman Emad Al-Monayea told Al-Watan. — SG